Buyer’s Agent Specialising in Brisbane

ALLEN-REAL-ESTATE---BLOG-IMAGES_09

image for Brisbane Property InvestmentThis may not surprise anyone who has already been around the block, but buying investment properties can be hard. There’s so much to take into account, so much to look for!

What if the worst happens? What if, when face-to-face with your dream investment, you forget one crucial element that will send your hard-earned cash spiraling down the drain? How on earth are you supposed to keep track of everything to look for?

That, my friend, is simple. Print out this article, and take it with you. Here, Allen Real Estate present your very own guide of what to look for when buying your investment property.

Neighbours

This is a big one. Your property may tick all the right boxes, and appear to be a promising investment, but if the next-door neighbour is a hardened drug-dealer who has a regular stream of junkies queued up outside their door, your investment is likely to sink. Make a point of chatting to the neighbours and sussing them out. Among other reasons, it’s just plain nice.

Parking

Don’t make the mistake of thinking that because the property has a garage, that’s the end of it. Think about how many bedrooms are there versus how much parking space there is available, and how this might fit with prospective tenants. A property with three bedrooms and one parking space might work if you’re looking at renting to a family of four, but probably not so well if your target tenants are university graduates renting together. Visitor parking may also be a consideration. Is there street parking available for visitors? Or a specific parking bay? Ensure you know all options available for your tenants.

Visit at Different Times of Day

When checking out your property at 10am on a Wednesday, all may seem fine and dandy. The sun streams into the living space beautifully, the garden is protected from the wind and the birds are chirping merrily outside. Come 5pm on a Friday, however, and things might be a little different. The late afternoon light highlights the grimy walls in the bedroom, there’s a horde of children playing noisily in the street and the 18-year-olds living in the apartment above have decided to start playing thumping bass music at top volume. It’s definitely worth your while to come back to examine the property at least three times, and all at different times of the day or week.

Rainwater

This is a bit of an obscure one, but worth checking out nonetheless. Where does the rainwater go? Does it flood awfully in the garage after a few showers? Or form knee-deep puddles just outside the front door? While it may not be possible to organise visits to your property during a thunderstorm, this is another reason why chatting to the neighbours is a good idea. Pick their brains about their own property – you might uncover some horrible aspects that your Real Estate Agent has been trying to hide.

 

You might also like

image of Property Management checklist
Top Tips For Buying Your First Investment Property

image of Brisbane 'Bris-Vegas' at night
Who needs Las Vegas when you have Bris-Vegas?!

Taste-test Brisbane’s CBD
Taste-test Brisbane’s CBD

About the author

Eden Absalon

Eden Absalon

Natalie Wise, M. A., covers real estate and celebrity real estate.

WHAT OUR CLIENTS SAY

Lorem ipsum dolor sit amet, consectetur adipiscing elit. In nec enim fringilla,

We worked with Micah. He was extremely
patient, made effort in educating us rather
than just telling us what we should do, and was always available to talk/guide.

I would strongly recommend Micah to any prospective buyer and would be happy to be a reference if required.

Robin, Sunshine Coast

robin-img

We would highly recommend Andrew Allen
Real Estate. Micah was prompt, patient and
so easy to work with. He has an indept
understanding of the Brisbane property
market and his advice

Thanks once again for a great service.

Deepaa, Canberra

deepa-img

5 high-performance strategies for
Buying property in 2021

…Then Download ‘5 High-Performance Strategies for Buying Property
in 2021’ to Learn the Strategies We’ve Used to Buy More Than
100 Million Dollars’ Worth of Property in Brisbane